Which of the following is not a purpose of the financial audit that accompanies statements?
A)ensuring compliance with fiscal requirements
B)render an opinion about whether the statements present fairly the financial position, results of operation, and cash flows of the government
C)to comment on the economy, efficiency or program results of a governmental unit
D)statements have been prepared in accordance with GAAP, GASB, and state, municipal, and federal laws

Question

Which of the following is not a purpose of the financial audit that accompanies statements?
A)​ensuring compliance with fiscal requirements
B)​render an opinion about whether the statements present fairly the financial position, results of operation, and cash flows of the government
C)​to comment on the economy, efficiency or program results of a governmental unit
D)​statements have been prepared in accordance with GAAP, GASB, and state, municipal, and federal laws

Quizplus · Accepted Answer

Commenting on the economy, efficiency, or program results of a governmental unit is not a purpose of the financial audit. The main purpose of the financial audit is to provide an opinion on the fair presentation of financial statements and ensure compliance with applicable laws and regulations.

Which of the Following Is Not a Purpose of the Financial